Corrected: EUROPE RESEARCH ROUNDUP-Aquarius Platinum, Bilfinger, Acerinox (Oct 23)
26/10/2015 12:01
(Corrects Oct 23 Roundup to show Citigroup raised, not cut, its price target on Hochschild
Mining)
Oct 23 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Aquarius Platinum, DNB and Man Group, on Friday.
HIGHLIGHTS
* Acerinox ACX.MC : Credit Suisse raises to outperform from neutral
* Aquarius Platinum Ltd AQP.L : BMO cuts to market perform
* Bilfinger SE GBFG.DE : Kepler Cheuvreux raises to hold from reduce
* Man Group Plc EMG.L : Jefferies raises to buy from hold
* Atresmedia A3M.MC : Citigroup cuts to neutral from buy
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* AA AAAA.L : Berenberg starts with buy rating; 350p price target
* Acacia Mining Plc ACAA.L : UBS cuts price target to 300p from 310p; rating buy
* Acerinox ACX.MC : Credit Suisse raises to outperform from neutral
* Akbank AKBNK.IS : Credit Suisse raises target price to Tl 8.57 from Tl 8.33
* Akzo Nobel AKZO.AS : Credit Suisse raises target price to 74 euros; rating outperform
* Akzo Nobel AKZO.AS : HSBC raises target price to 66 euros; rating hold
* Anglo American AAL.L : CIBC cuts target price to 550p from 575p; sector underperformer
* A.P. Moller-Maersk MAERSKb.CO : ALM Brand Markets cuts target to Dkk 13,000; rating buy
* Aquarius Platinum Ltd AQP.L : BMO cuts to market perform
* Atresmedia A3M.MC : Citigroup cuts to neutral from buy
* Atresmedia A3M.MC : Citigroup cuts price target to 12.8 euros from 15.6 euros
* Atresmedia A3M.MC : Exane BNP Paribas cuts target to 14 euros from 14.7 euros; neutral
* Aubay SA AUBT.PA : SocGen cuts to hold from buy
* Aviva AV.L : JP Morgan cuts price target to 597p from 622p; rating overweight
* B&M European Retail BMEB.L : Credit Suisse raises target price to 410p; rating outperform
* Balfour Beatty Plc BALF.L : JP Morgan raises target price to 262p from 240p
* Bank Asya ASYAB.IS : Credit Suisse raises target price to Tl 0.72 from Tl 0.70
* Bankinter SA BKT.MC : Kepler Cheuvreux cuts target to 6.20 euros from 6.35 euros; reduce
* Besi BESI.AS : Rabobank raises target price to 24 euros from 22.50 euros; rating buy
* Bilfinger SE GBFG.DE : Kepler Cheuvreux raises to hold from reduce
* Bilfinger SE GBFG.DE : Kepler Cheuvreux raises target price to 35 euros from 28 euros
* BP Plc BP.L : Exane BNP Paribas raises target price by 2 pct to 338p; rating neutral
* Cambian CMBNC.L : JP Morgan cuts target price to 222p from 305p
* Cambian Group Plc CMBNC.L : Berenberg cuts target price to 200p from 345p; rating buy
* Carillion CLLN.L : JP Morgan raises to overweight from neutral
* Carillion CLLN.L : JP Morgan cuts price target to 347p from 355p
* Cegereal CGR.PA : Kepler Cheuvreux raises target price to 35.62 euros from 33 euros; buy
* Chr Hansen CHRH.CO : Berenberg raises target price to Dkk 415 from Dkk 380; rating hold
* Chr Hansen CHRH.CO : UBS raises price target to Dkk 444 from Dkk 420; rating buy
* Cineworld CINE.L : Numis cuts to hold from add
* Connect CNCTC.L : Berenberg starts with buy rating; 200p price target
* Daimler AG DAIGn.DE : Exane BNP Paribas cuts target price by 6 pct to 79 euros; neutral
* Daimler DAIGn.DE : Kepler Cheuvreux ups target price to 80 euros from 78 euros; hold
* Daimler DAIGn.DE :Credit Suisse cuts target price to 78 euros; rating neutral
* Daimler DAIGn.DE : DZ Bank AG raises target price to 72.00 euros from 65.00 euros; hold
* Dassault Aviation SA AVMD.PA : Goldman Sachs starts with buy
* Dassault Systemes DAST.PA : Bryan Garnier cuts fair value to 60 euros from 61 euros; sell
* Dassault Systemes DAST.PA : UBS cuts target price to 62 euros; rating sell
* Debenhams Plc DEB.L : UBS raises price target to 72p from 70p; rating sell
* DNB ASA DNB.OL : Citigroup cuts to neutral from buy; cuts target price to Nok 120
* DNB ASA DNB.OL : Danske Bank cuts target price to Nok 112 from Nok 120; rating hold
* DNB ASA DNB.OL :Credit Suisse cuts target price to Nok 99; rating underperform
* DNB ASA DNB.OL : JP Morgan cuts target price to Nok 125
* DNB ASA DNB.OL : UBS cuts target price to Nok 125; rating buy
* ENI ENI.MI : Exane BNP Paribas raises target price by 2 pct to 11.2 euros; underperform
* Essilor ESSI.PA : SocGen cuts target price to 118 euros from 128 euros; rating hold
* Essilor ESSI.PA : UBS raises target price to 125 euros; rating buy
* Fortum Oyj FUM1V.HE : Natixis cuts target price to 15.5 euros from 17 euros
* Gamma Communications Plc GAMA.L : Investec raises target price to 450p from 325p
* Garanti GARAN.IS : Credit Suisse raises to neutral from underperform
* Garanti GARAN.IS : Credit Suisse raises price target to Tl 8.19 from Tl 7.81
* Groupe Eurotunnel GETP.PA : Barclays cuts target to 15 euros from 16 euros; overweight
* Groupe Eurotunnel GETP.PA : Natixis cuts target price to 12 euros from 12.3 euros
* Halkbank HALKB.IS : Credit Suisse raises target price to Tl 13.95 from Tl 13.74
* Havas HAVA.PA : Barclays raises price target to 9.20 euros from 9 euros; overweight
* Havas HAVA.PA : HSBC raises target price to 8.2 euros; rating buy
* Havas HAVA.PA : Kepler Cheuvreux raises target price to 8 euros
* Havas HAVA.PA : Natixis raises target price to 8 euros from 7.9 euros
* Hennes & Mauritz HMb.ST : Nomura cuts target price to Sek 350; rating neutral
* Hochschild Mining HOCM.L : Citigroup raises price target to 89p from 73p; rating neutral
* HSBC Holdings Plc HSBA.L : Investec cuts target price to 605p from 635p; rating buy
* Huhtamaki Oyj HUH1V.HE : Danske Bank cuts to hold from buy
* Husqvarna HUSQb.ST : Handelsbanken Capital markets raises to buy from accumulate
* Husqvarna HUSQb.ST : Handelsbanken Capital markets ups target to Sek 67.50 from Sek 65.00
* Inchcape Plc INCH.L : JP Morgan raises target price to 840p from 735p
* Indra IDR.MC : Kepler Cheuvreux raises target price to 8.50 euros from 8 euros; reduce
* Indus Holding AG INHG.DE : Commerzbank raises to buy from add
* Interserve IRV.L : JP Morgan cuts target price to 704p from 748p
* Ipsen SA IPN.PA : Barclays raises price target to 57 euros from 54 euros; overweight
* Jenoptik AG JENG.DE : HSBC raises target price to 15.5 euros; rating buy
* Kering SA PRTP.PA : Bernstein raises target to 168 euros from 165 euros; market-perform
* Kering SA PRTP.PA : Natixis raises to 163 euros from 156 euros
* Kering SA PRTP.PA : Evercore ISI cuts price target to 175 euros; rating hold
* Kesko Oyj KESBV.HE : Danske Bank cuts target price to euros 36 from euros 40; rating buy
* Kier Group Plc KIE.L : JP Morgan cuts target price to 1,589p from 1,638p
* Kone Oyj KNEBV.HE : Handelsbanken Capital markets ups target price to euros 40;accumulate
* Legal & General Group LGEN.L : JP Morgan cuts target price to 206p from 220p
* Legal & General GROUP LGEN.L : JP Morgan cuts price target to 206p from 220p; underweight
* Lisi GFII.PA : SocGen cuts price target to 29 euros from 31.5 euros; rating buy
* Logitech Intl SA LOGN.S : Exane BNP Paribas raises target by 5 pct to Sfr 21; outperform
* Loomis AB LOOMb.ST : Danske Bank cuts target price to Sek 250 from Sek 275; rating buy
* Man Group Plc EMG.L : Jefferies raises to buy from hold; target price to 187p from 169p
* Manitou BF SA MANP.PA : Natixis cuts target price to 18 euros from 21 euros
* Michelin MICP.PA :Credit Suisse cuts target price to 79 euros; rating underperform
* Michelin MICP.PA : Morgan Stanley raises target price to 82 euros from 79 euros
* Michelin MICP.PA : SocGen cuts target price to 104 euros from 106 euros; rating buy
* Millicom MICsdb.ST : Barclays raises to equal weight from underweight
* Mobistar SA MSTAR.BR : Barclays raises to overweight from equal weight
* Mobistar SA MSTAR.BR : Barclays raises price target to 27 euros from 19 euros
* Mothercare Plc MTC.L : Berenberg starts with hold rating; 250p price target
* MTG MTGb.ST : JP Morgan raises target price to Sek 236; rating underweight
* Munich RE MUVGn.DE : SocGen raises to buy from hold; raises price target to 196 euros
* Netent Publ AB NETb.ST : Danske Bank raises target price to Sek 550; rating hold
* Norwegian Air Shuttle NWC.OL : Danske Bank cuts target to Nok 340 from Nok 350; hold
* Norwegian Air Shuttle NWC.OL : HSBC cuts to hold; cuts target price to Nok 330
* Novozymes NZYMb.CO : Credit Suisse raises target price to Dkk 270 from Dkk 260
* Novozymes NZYMb.CO : Danske Bank raises target price to Dkk 315 from Dkk 310; rating hold
* Novozymes NZYMb.CO : Alm Brand cuts to sell from neutral; raises target price to Dkk 290
* Novozymes NZYMb.CO : Nordea Equity Research raises target to Dkk 330 from Dkk 300; hold
* Novozymes NZYMb.CO : Jyske Bank raises target price to Dkk 320 from Dkk 310; reduce
* Nyrstar NV NYR.BR : Citigroup cuts to neutral rating
* Nyrstar NV NYR.BR : Exane BNP Paribas cuts target to euros1.1 from euros1.3; underperform
* Orange SA ORAN.PA : Barclays raises price target to 18 euros from 17 euros; overweight
* Orange SA ORAN.PA : HSBC raises target price to 18 euros; rating buy
* Orange SA ORAN.PA : RBC raises target price to 18.50 euros from 17.50 euros; outperform
* Outokumpu OUT1V.HE : Credit Suisse raises target price to 6.20 euros
* Partnership Assurance PA.L : Canaccord Genuity cuts to sell from hold;cuts target to 125p
* Pearson Plc PSON.L : Berenberg cuts price target to 800p from 1,100p; rating sell
* Pearson Plc PSON.L : Exane BNP Paribas cuts to neutral from outperform
* Pearson Plc PSON.L : Exane BNP Paribas cuts target price by 39 pct to 1000p
* Pernod Ricard PERP.PA : UBS raises target price to 121 euros; rating buy
* Pernod Ricard PERP.PA : Barclays raises target to 110 euros from 108 euros; overweight
* Pernod Ricard PERP.PA : Kepler Cheuvreux raises target to 98 euros from 95 euros; hold
* Plastic Omnium PLOF.PA : SocGen raises price target to 30 euros from 29 euros; rating buy
* Prosiebensat 1 Media SE PSMGn.DE : Commerzbank ups target to 57 euros from 52 euros; buy
* Prudential Plc PRU.L : JP Morgan cuts price target to 1,386p from 1,410p; rating neutral
* Publicis PUBP.PA : Jefferies cuts target prce to 70 euros; rating buy
* Publicis PUBP.PA : Nomura cuts target price to 68 euros; rating neutral
* Publicis PUBP.PA : Barclays cuts price target to 71 euros from 75 euros; overweight
* Publicis PUBP.PA : HSBC cuts target price to 77 euros; rating buy
* Publicis PUBP.PA : Kepler Cheuvreux cuts target price to 73 euros from 74 euros
* Publicis PUBP.PA : Natixis cuts target price to 78 euros from 81 euros
* Publicis PUBP.PA : Nomura cuts target price to 68 euros from 73 euros
* Publicis PUBP.PA : Berenberg cuts price target to 71 euros from 77 euros; rating buy
* Publicis PUBP.PA : Credit Suisse cuts target price to 61 euros; rating neutral
* Publicis PUBP.PA : Exane BNP Paribas cuts target price by 7 pct to 65 euros; neutral
* Publicis PUBP.PA : SocGen cuts target to 84 euros from 88 euros; adds to SG premium list
* Roche ROG.VX : Berenberg raises price target to Sfr 311 from Sfr 305; buy
* Roche ROG.VX : Vontobel raises target price to Sfr 320 from Sfr 308
* Roche ROG.VX : Bryan Garnier cuts fair value to Sfr 320 from Sfr 327; rating buy
* Rovi ROVI.MC : Exane BNP Paribas cuts target price to 14 euros from 15 euros; neutral
* Safran SA SAF.PA : Credit Suisse raises target price to 75 euros from 74 euros
* Saft Groupe SA S1A.PA : Exane BNP Paribas cuts target by 14 pct to 36 euros; outperform
* Saipem SpA SPMI.MI : Canaccord Genuity raises to hold from sell
* Salvatore Ferragamo SFER.MI : Bryan Garnier cuts fair value to 27 euros from 29 euros;buy
* Santander SAN.MC : UBS cuts target price to 5.40 euros; rating neutral
* SEB SEBa.ST : Nomura cuts target price to Sek 110 from Sek 114; rating buy
* Securitas AB SECUb.ST : Danske Bank cuts target price to Sek 114 from Sek 120; hold
* Semcon AB SEMC.ST : Danske Bank cuts target price to Sek 38 from Sek 50; rating hold
* SIG SHI.L : Goodbody cuts to hold from buy
* Sligro SLIGR.AS : ING cuts to hold from buy; cuts target price to 36 euros
* Solvay SA SOLB.BR : KBC cuts target price to 125 euros from 145 euros
* SSAB AB SSABa.ST : Berenberg cuts target price to Sek 37 from Sek 40; rating hold
* ST. James's Place SJP.L : JP Morgan raises price target to 1,024p from 1,022p; overweight
* Standard Life SL.L : JP Morgan cuts price target to 477p from 483p; rating overweight
* Statoil ASA STL.OL : Exane BNP Paribas raises target by 8 pct to Nok 160; outperform
* Stroeer SE SAXG.DE : Commerzbank raises target price to 69 euros from 64 euros; buy
* Sunrise Communications Group SRCG.S : UBS cuts price target to Sfr 78 from Sfr 88; buy
* Svenska Handelsbanken AB SHBa.ST : Nomura cuts target price to Sek 122; rating neutral
* Swedish Orphan Biovitrum SOBIV.ST : Jefferies raises target price to Sek 150; rating buy
* Swisscom AG SCMN.VX : UBS cuts price target to Sfr 515 from Sfr 545; rating neutral
* Tarkett SA TKTT.PA : Exane BNP Paribas raises target price to 30 euros; outperform
* Telecom Plus TEP.L : Berenberg starts with buy rating; 1400p price target
* Telefonica SA TEF.MC : Berenberg cuts price target to 10 euros from 11.40 euros; hold
* Teliasonera TLSN.ST : Nomura cuts target price to Sek 48; rating neutral
* Travis Perkins Plc TPK.L : Barclays cuts price target to 2050p from 2150p; equal weight
* Travis Perkins Plc TPK.L : Citigroup raises to buy rating
* Travis Perkins Plc TPK.L : Liberum cuts target price to 2250p from 2500p; rating buy
* Travis Perkins Plc TPK.L : Numis cuts price target to 1995p from 2200p; rating hold
* Travis Perkins Plc TPK.L : UBS cuts price target to 2530p from 2550p; rating buy
* Travis Perkins Plc TPK.L : JP Morgan cuts target price to 2,400p from 2,550p
* Trelleborg AB TRELb.ST : Kepler Cheuvreux cuts target price to Sek 162 from Sek 173; buy
* TSKB TSKB.IS : Credit Suisse raises target price to Tl 2.37 from Tl 2.33
* Turkiye Is Bankasi AS ISCTR.IS : Credit Suisse raises to outperform from neutral
* Turkiye Is Bankasi AS ISCTR.IS : Credit Suisse raises price target to Tl 6 from Tl 5.76
* Vakifbank VAKBN.IS : Credit Suisse raises target price to Tl 3.94 from Tl 3.78
* Vectura Group Plc VEC.L : N+1 Singer raises to buy from hold
* Vinci SA SGEF.PA : Bryan Garnier raises fair value to 65 euros from 62 euros; rating buy
* Viscofan SA VIS.MC : Kepler Cheuvreux raises target to 52 euros from 50 euros; reduce
* VONOVIA VNAn.DE>: SocGen removes from SocGen premium list
* William Demant Holding A/S WDH.CO : Goldman Sachs cuts to neutral from buy
* William Hill Plc WMH.L : Canaccord Genuity cuts target price to 351p from 373p
* William Hill Plc WMH.L : Canaccord Genuity cuts target price to 351p; rating hold
* Yapi Kredi Bank YKBNK.IS : Credit Suisse raises to neutral from underperform
* Yapi Kredi Bank YKBNK.IS : Credit Suisse raises price target to Tl 3.76 from Tl 3.60
* Zoopla ZPLAZ.L : Barclays raises price target to 270p from 265p; rating overweight
(Compiled by Fareha Khan in Bengaluru)
((Bengaluru Newsroom: +1 646 223 8780))
Keywords: RESEARCH EUROPE/